Process - Communicate with our Lease Manager to have your customer pre-qualified. This may be as simple as running a Dun & Bradstreet report or it may require a completed credit application and follow up if more is needed.

Documentation - Once your customer is pre-qualified, you will receive a pre-approval. You must work with your customer to verify the requested equipment and support solution. Once determined, please submit the details of your pricing to our Lease Manager. We will advise on the approval terms and conditions. You may request a set of documents for signature and return by your customer. Once all documents are signed and returned.

Closing - Receive a purchase order from your customer and/or our Leasing Company made out to you and NewWave directing payment to you and/or NewWave.

Frequently asked questions

What fees & expenses may be involved?

Rates vary upon credit quality, term and structure of the individual transaction

Most lease and finance agreements have a one-time documentation fee that can range from $49 to $499.

Customers will have responsibility for any and all taxes, fees, consumables, etc related to the ownership or use of the equipment and/or software

Customers will be required to provide an insurance certificate acceptable to our Lease Partner or pay for insurance coverage in accordance with the documents

Shipping costs may have to be paid separately.

Maintenance may be considered in a lease or financing, but is subject to credit approval

What are the qualifications to consider a Lease or Financing?

Your end user must be credit worthy at the underwriters determination

Your end user must be a commercial business, municipality or not for profit

Your end user must be located in the US or Canada

When do I receive funds?

Once the customer has the equipment and we have all the documents returned to underwriting, Lease and Finance deals should close and fund within 24 - 72 hours. You can request wire or ACH funding by filling out the proper documentation. Ask us about our progress payment program for larger deals or prefunding up to 50% for qualified customers.

How do I present this program to my customer?

Sell a monthly payment and the benefit of new equipment! You can lease/finance that solution for as little as $xxx.xx per month. The value of any technology asset is not the ownership but the result of its use. Improved efficiency, productivity, cash flow and ability to upgrade at any time when new equipment and software solutions become available. Improved budgeting and expense predictability result from lease or financing equipment.

For more help on building a "go to market strategy" for Lease and Financing Solutions, contact our Lease Manager. Building a sales financing plan to help your customers is a critical Value Added Solution.

A host of programs developed specifically for our customers to improve their bottom line.
Warranty Advantage
Comprehensive product maintenance support programs and services. We give you online tools to help manage your service contracts and recurring revenue stream.
E-Commerce Advantage
Providing the information you need when and how you want it, here at our VAR Portal, on your web site, or directly connected to your back-end.
New Web Feature: Deal Registration Tracking
Ongoing visibility to all deals registered through NewWave, to easily track and manage opportunities through an interactive Dashboard.